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regularly in london and paris. i am very happy to see that they are having this enthusiasm and interest in modernizing business, modernize and design. >> the lifestyle you are promoting is only available to a small group of very rich people. does that concern you? >> i am always ask, what do you think about promoting luxury in this expensive lifestyle? i always say that you can be stylish without buying expensive things. style is an identity on how you see yourself. in china, the model is very different. young girls today will probably be totally transformed in a month, because it is a sharply changing society. from my perspective, i do not give up on anyone. >> unusually for a publishing venture, they made a profit in the first year. there is no question that there is an appetite for the lifestyle it promotes. the challenge now is to nurture the creative talent within the country to satisfy that demand. >> that is it from beijing for now. i will be back at the same time tomorrow. of course, there is plenty of analysis on line about the once in a generation handover of power year. just
by 0.5%, and the cac 40 in paris gaining 0.4%. earlier, asian stock prices were mostly lower on thursday following an overnight tumble in the u.s. sentiment was weighed down heavily as investors anticipate a fiscal cliff in the u.s. tokyo's nikkei average ended 1.5% lower, extending losses to four days. south korea's kospi lost 1.1%. hong kong shares were down 2.4%. looking at currencies, the yen is keeping a firm tone against the dollar and euro. traders are buying safer currencies like the yen due to a cautious outlook for the global economy. the dollar/yen right now 79.81 po 85. the dollar is also lower against the yen, currently 101.75 to 75. many market players are on the sidelines ahead of a european bank central policy meeting later today. >>> some key japanese economic indicators came out on thursday. they all show signs of a slowdown in business activities. the current account surplus for september shrank for first time in two months. this is a broad measure of foreign trade. finance ministry officials say the account surplus stood at $6.3 billion. that's down about
a look at the major benchmarks in europe. london's ftse 100 is down by 1%. in paris the cac 40 is down by .30%. that's all now in business news. i'll leave you now with a recap of market figures. >>> clear skies in tokyo but rough weather up north. rachel ferguson has more. rachel. >> hi. we've been following a storm moving through western and northern japan. we've been seeing heavy rainfall. we could get another 80 to 100 millimeters of rain in the next 24 hours. some strong winds with that too. gusts of 90 kilometers an hour have been recorded. there was even a tornado in wakaima. we don't see them so frequently in japan, but they're certainly not completely out of the question when we have a storm like this. there's one that came down over water. quite a tight funnel cloud earlier on in the day. so these kinds of conditions are going to persist on into thursday and it should start to clear up a little bit after that. meanwhile, the continent is looking very dry. that's also going to change. we have a rain event starting to develop in central china and it will move up to the northeas
almost 0.5%, and the cac 40 in paris declining by 0.5%. meanwhile, share prices across the asian europe was lower everywhere but japan because of the expectations to reach an agreement before the fiscal cliff fades. the kospi shed 1.2%. chinese stocks extended losses after the closely watched announcement of the new leadership in the country. the shanghai composite fell 1.2%. hong kong's hang seng slipped 1.5%. let's take a look at currencies. the yen fell to its lowest level in more than six months against the dollar. the dollar/yen 81.14-18. investors feel japan's general election next month may bring in a government that will carry out more monetary easing. the euro is recovering to the 103-yen level, now at 103.58 to 61. >>> representatives from japan's farming sector rallied in tokyo. they're urging the government not to take part in talks on a free trade deal under the trans-pacific partnership. japan has been in talks with countries involved in the u.s.-led trade negotiations. about 1,500 people gathered at the rally sponsored by the central union of agricultural cooperatives. >>
with a high of 3. the low is at minus 1 for you on your wednesday. meanwhile, london at 10 and paris at 12. now here's a look at your extended forecast. ♪ >>> we'll be back with more updates in 30 minutes. i'm gene otani in tokyo. for all of us here at nhk world, thanks for joining us.
an paris. here's a look at your extended forecast. >>> we'll be back with more in 30 minutes. from all of us here in nhk world, thanks for joining us.
europe in the single digits, moscow with a high of 6, kiev at 9, and london and paris both at 11 and 12 here starting off your weekend. now let's take a look at your extended forecast. ♪ >>> one more story before we go. a concert was held in vienna featuring the 18th century piano that wolfgang amadeus mozart played in his home. ♪ russian pianist alexander melnikov played the instrument before a small audience at mozart house. the museum and what was once mozart's residence. the piano was sent to vie yaen that from salzburg for the first time since the composer's death more than 200 years ago. the contincert featured pieces composed in that very house. >> we can say that objectively it is an incredible piano and it sounds in such a special way that i believe it can move one to tears. >> the piano is believed to have been made in 1780. mozart bought it soon after he settled in vienna and played it until he died in 1791. the piano is about a meter wide, much smaller than the ones made today. it also has a lighter tone. >> well, it's a shame to know since -- to know what it might have
degrees and paris at 10 and very chilly and biting cold in moscow with 3 for your high. here is our extended forecast. >>> our lead story this hour, members of china's communist party are wrapping up their national congress in beijing. many delegates wonder whether departing president huh jin pou will keep hold of power. they include a president with a theory on sustainable growth and they give the same importance to his principles as those of other past leaders. delegates will select about 200 members of the central committee. those members will in turn select a new leader, something that only happens once in a decade. much has already been decided. communist leaders have sent out signals for months that vice president xi jinping will take over as the general secretary. the central committee will then select the standing committee, the apex of power in china. nine people currently sit on the board. that could be reduced to seven. of the current members only xi and khung are expected to remain. some inside the party believe president hu may stay on. others insist he will retire to i
mark in london as well as in paris. 8, in fact on thursday. out towards the east, moscow hitting 4 degrees on thursday. and then down across the south, of course, a little bit warmer 18 in athens as well as madrid. up to 20 in rome. and in lisbon. here now is your extended forecast. >>> we'll be back with more updates in 30 minutes. i'm gene otani in tokyo.
by almost half of 1%. frankfurt, the dax down by a percent. the cac 40 in paris declining by about .25%. earlier in the day most asian stocks meanwhile closed lower. in tokyo the nikkei average ended a three-week low falling nearly 1%. australian shares shed about a half percent. in main land china, the shanghai edged down 0.1%. the downside was supported by the news on china's relatively stable cpi. the yen is trading higher against the dollar and the euro due to concerns about u.s. budget issues and uncertainties over fresh assistance for greece. the dollar now changing hands at 79.23 to 25 yen. the euro currently at 1.27 to 75 yen. >>> china's industrial productions in sales picked up in october. the latest data shows the country's economy has started getting traction again. china's national bureau of statistics says industrial out put climbed over 9% from a year earlier. it was the second straight month of gainless. the pace of growth was 0.4% faster than in september. meanwhile retail sales were up more than 14%. the increase was 0.3% more than in the previous month. earlier in th
the board down about 1%. london ftse 100 is down about .9%. and the dax down about 1%. and in paris, the crack 40 is down by 1%. investors are becoming less willing to take risk because a decision on the bailout fund for greece has been put off till next week. in tokyo the nikkei extended losses to seven days. chinese stocks were treated because of fierce that the on going communist party congress would make little change in economic policies. let's have a look at currencies. the euro is losing ground against the yen. investors are keeping a wary eye on the debt situation in greece. the yen is quoted at 100- 75-79. >>> many countries are now seeking to diversify their energy sources. industry ministry officials in japan are aiming to launch the world's first futures trading market for liquefied natural gas. they hope to put it into effect by march 2014 to bring down lng prices. liquid natural gas prices have surged since the fukushima daiichi plant accident, it led to shutdowns of all but two reactors in the country. the commodity has been traded at a premium since the link to crude
100 is up by about .4%. dax is also up about .4%. in paris, the cac 40 is up about .7%. market players remain cautious as they wait to see the vote by greek lawmakers on the austerity package later in the day. >>> earlier asian stock prices were mostly higher on wednesday. hong kong shares were up about .7%. singapore rose .8%. nikkei average ended marginally lower extending losses to three days. >>> finally a quick look at currencies, the dollar is gaining ground against the yen and euro on the hope that obama's re-election would help prop up the u.s. economy now exchanging hands 80.38 to 39. euro quoted at 12818 to 19. >>> a japanese government panel will draw up a timetable for overhauling the nation's power supply system by the end of this year. an industry ministry task force resumed talks on the reforms on wednesday. that's after the government came up with a new energy policy in september. the policy requires phasing out the reliance on nuclear power and greater use of green energy. under the plan households would be able to choose their power suppliers. the task force also call
by .5%. the dax is up by .55%. in paris, the cac 40 is up by about .7%. meanwhile asian stocks are mixed on tuesday. in in tokyo the nikkei average closed below the key 9,000 level for the first time in three trading days ending at 8,975, down about .4%. australia's s&p asx 200 rose a quarter percent after the central bank kept its interest rates unchanged at 3.25%. the shanghai composite index extended losses for the second day to close at 2,106, down about .4%. >>> taking a look at the four x market, the yen is giving up earlier gains ahead of the u.s. election. after trading lower, 102 yen levels. >>> japan has decided to ease restrictions on beef imports from the united states. the government has made the decision after a panel of experts reported that the step will post no safety risk. u.s. beef imports will start to increase from as early as the beginning of next year. >>> japan's health ministry decided to allow imports of beef from cattle 30 months or younger. that is on condition that the brain and spinal cord continue to be removed. these are parts where the pathogen of mad cow
of his deputies vacationing in paris. if you went back to baghdad, you'd be arrested. >> uh, no. nobody will arrest me. they will kill me. [ticking] [camera shutter snaps] >> these surveillance photos were taken by undercover police officers while they watched a team of seven south american thieves clean out an old navy store. >> shirts at $22.50, and they got the whole rack. >> when police moved in to make the arrest, they found enough merchandise to fill a room. all taken in less than an hour without anyone inside the store noticing a thing. [ticking] >> we have never seen a problem of this size and magnitude in world history. >> now hang on. in world history. >> there's more counterfeiting going on in china now than we've ever seen anywhere. >> name an american brand. any brand. any kind of product. just name it, and we'll tell you something about it. it's probably being counterfeited in china as we speak. >> this is the most profitable criminal venture, as far as i know, on earth. >> counterfeiting. >> counterfeiting and your partners don't kill you. >> welcome to 60 minutes on cnbc
of the world? i have a great global panel from singapore, the dean of the school of public policy, from paris, dominique moisi, one of france's great public intellectuals. in tel a viv, he's a senior correspondent and here in new york we have rula. >>> brill. she has both israeli and italian citizenship and she has lived and worked a as righter and journalist in both country. dominique, let me start with you. france had a great love affair with barack obama. has it continued? do the french -- are the french still overwhelmingly obama? >> definitely, but i think for different reasons. in 2008 the french would have voted for obama out of hope. in 2012, they would still vote in the huge majority for obama, but more out of fear of a romney victory and of a return of an america they used to dislike. >> republicans have vennially been quite popular. they've been regarded as pro-free trade, hard headed. if you thing of ronald reagan and george bush senior, clearly the elites preferred them. what's the mood right now among its elite? >> well, let me emphasize one point. both romney and obama will be
be tempted at some point if they see enough windows to go in. credit agricole shares are sinking in paris due to write downs on it assets in greece and other charges in italy, france and spain. the group had a loss of 2.85 billion euros, revenues down 32% after booking a charge of almost 2 billion euros on the sale of its greek unit. >>> stick around, because coming up in a little bit, german insurer allianz has maintained its 2012 targets despite super storm sandy. we'll speak to the cfo. >> plus coming up we bring you your very own blockbuster. [s #. >>> china releases improved economic data for october on the second day of the communist party congress. beijing inflation continues to cool. >> allianz maintains its full rear target despite super storm sandy on the back of solid quarterly results. we'll hear from the cfo. >> luxury goods make ir announces two ceos but admits to slowing asian sales. >> and credit agricole pays a steep price to exit greece as it takes a hit on the sale to alpha bank. >>> britain's trade deficit narrowed a little bit more than expected in september. third quarte
to flee the country because of the high income tax increase. stephane has more in paris. as we look at some pictures, how has this gone down in the rest of france? are they viewing this as a criticism of the french tax system or of him? >> it's all about francois hollande. he explained the policy of the government, including fiscal policy. there's not much room for depardieu this morning. but it's not a big surprise. it's one less paying taxes in france as a result of the new tax policy implemented by the socialist government. it's a report from the belgium newspaper, which is reporting that gerard depardieu brought a property in a small village located just by the french border, and plans to escape the tax implemented by the government. the mayor of the village was unable to confirm that gerard depardieu bought a home in the village. it wouldn't be surprising, though, because this small village already has a 27% french population. it's not glamorous like london, geneva or even monaco, but it would be the place to pay less taxes and being close to french border. he earned two millio
at the bourses. ibex 35 trying to buck the trend, but elsewhere seeing red, whether in paris, ex-extra dax down 0.4%, and we'll have plenty more in germany with silvia. we can take a look at the bond space and see a similar theme playing out. prices are falling, yields are rising. they've really maintained that one percentage point spread, but most back up to the psychological levels if nothing else. bunds 1.33%. it's extraordinary just what low levels we're seeing over here. quick look at forex. dollar-yen up three quarters of a percent there. again, on some of the political transition that may be happening in japan. euro-dollar is a little bit higher this morning, 1.2752. and a quick look at what's happening in the commodity space because yesterday this absolutely was the one to watch. on a day when we saw u.s. markets really falling on their face, we nevertheless saw increases in oil, not exactly what you like to see. has more to do with the violence we're seeing in gaza and we'll have plenty more on that story. we're seeing brent and nymex adding more. up 0.3% for brent. showing more of a rea
, for more on this extraordinary tale, stephane joined us now from paris. is this as intrusive as it sounds? >> they are increasing the pressure to keep these furnaces in the northeast of france. however, francois hollande did use the same words as the industry minister earlier this week. the french industry minister said he was no longer welcome in france because of years of broken promises with the government. yesterday evening when he met with the ceo of the company, francois hollande urged the company not to shut down the furnaces in the northeast of france. he raised the possibility to temporary nationalize these activities, and he also asked to continue the negotiations until the deadline, which is set on december 1st, to find a potential buyer for these furnaces, which in total employees more than 600 people. in the meantime, the mayor of london couldn't miss such an opportunity to mock the french governmen government,. calling them a red call left wing movement during the french revolution in 1789. >> the french minister has been so eccentric as to call for a massive investor to dep
and paris h ilton to do a little bit more. it is common sense. many of them are literally saying, taxing more. they believe they have more to give. everybody in their situation needs to be asked to do a little bit more and the country would be better off. did lloyd blankfein say that the other day? the reality of the situation is shifting. i cannot think of a better situation than that. he is somebody you, in theory, understands economics. host: from the news conference, the president on the debt and entitlement reform. [video clip] >> we can shape a process where we look at tax reform, which i am eager to do. we can simplify our tax system. we can make it more efficient. a distorting effect on our economy. i believe we have to continue to take a serious look at how we inform -- reform our entitlements. health care costs continue to be the biggest driver of our deficits. host: there is a response from one of our viewers. democrats are more concerned with punishing successful people with tax code rather than growing revenue. how do you respond to that criticism? guest: i do not think that
. it is ridiculous. we are in 2012. the first children's hospital was founded in 18 02 in paris. they've recognized then that children were not the same as adults. why are we ostriches and have our head in the stand? you could excuse it up until the end of the second world war. people went straight from school and work probably of the age of 14 and there was no choice. there was not at and between group. since the '50s, since all this, since my age group, what is the bloody excuse? [laughter] all i can say is, i think this is something you will do in your country very quickly, because what i love about america is the thing, we can do this, we will do it, we will make it work and we will donate. these are your teenagers. they need your support. they are your community and they are your future. you deserve to have it better. [applause] >> i just have one or two. what inspired you to set up the teenager and young adult cancer center? why there? >> mainly because i was doing a charity show and someone's back garden. rebecca was doing it for autism. and another teenage program. at that party dr. david f
Search Results 0 to 25 of about 26 (some duplicates have been removed)